Skyline Bankshares, Inc. (SLBK)

Skyline Bankshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	57.39	49.97	39.88	32.69	33.09	30.77
Interest Income on Investments	3.51	3.56	3.49	3.88	1.67	0.97
Total Interest Income	60.9	53.54	43.37	36.57	34.76	31.74
Interest Paid on Deposits	13.78	12.65	6.62	1.74	2.34	3.35
Interest Paid on Borrowings	1.43	1.42	1.15	0.19	0.09	0.09
Total Interest Expense	15.22	14.07	7.77	1.93	2.43	3.44
Net Interest Income	45.68	39.47	35.6	34.64	32.33	28.3
Net Interest Income Growth (YoY)	28.06%	10.88%	2.77%	7.15%	14.21%	1.33%
Gain (Loss) on Sale of Assets	-	-	0.2	-	-	-
Gain (Loss) on Sale of Investments	-	-0.14	-0.02	-0.01	0.27	0.32
Other Non-Interest Income	5.19	5.11	4.6	4.36	4.37	3.54
Total Non-Interest Income	7.6	7.29	6.97	6.26	6.18	5.3
Non-Interest Income Growth (YoY)	5.98%	4.52%	11.39%	1.33%	16.57%	7.77%
Revenues Before Loan Losses	53.29	46.76	42.57	40.89	38.5	33.6
Provision for Loan Losses	1.41	1.12	-0.05	0.61	0.72	1.19
Revenue	51.87	45.64	42.62	40.29	37.78	32.41
Revenue Growth (YoY)	22.25%	7.09%	5.78%	6.64%	16.56%	0.68%
Salaries and Employee Benefits	18.06	17.39	16.45	14.64	14.53	14.6
Occupancy Expenses	3.32	3.24	2.93	2.52	1.94	1.64
Federal Deposit Insurance	0.92	0.72	0.59	0.43	0.43	0.23
Amortization of Goodwill & Intangibles	0.74	0.48	0.37	0.48	0.6	0.71
Selling, General & Administrative	9.08	8.41	6.98	6.22	5.96	5.24
Other Non-Interest Expense	3.82	3.61	3.22	3.2	2.82	2.67
Total Non-Interest Expense	35.94	33.86	30.54	27.49	26.27	25.1
EBT Excluding Unusual Items	15.93	11.78	12.08	12.8	11.51	7.31
Other Unusual Items	-	-	-	-	0.39	-
Pretax Income	13.87	9.36	12.08	12.8	11.91	7.31
Income Tax Expense	2.93	1.93	2.38	2.52	2.42	1.45
Net Income	10.93	7.43	9.7	10.28	9.48	5.87
Net Income to Common	10.93	7.43	9.7	10.28	9.48	5.87
Net Income Growth	35.25%	-23.45%	-5.65%	8.43%	61.56%	-17.97%
Basic Shares Outstanding	6	6	6	6	6	6
Diluted Shares Outstanding	6	6	6	6	6	6
Shares Change (YoY)	0.13%	-0.40%	-0.16%	-6.36%	-1.78%	-1.75%
EPS (Basic)	1.96	1.34	1.74	1.84	1.59	0.97
EPS (Diluted)	1.96	1.34	1.74	1.84	1.59	0.97
EPS Growth	35.07%	-23.14%	-5.50%	15.79%	64.49%	-16.51%
Dividend Per Share	0.250	0.480	0.440	0.380	0.290	0.260
Dividend Growth	-45.65%	9.09%	15.79%	31.03%	11.54%	4.00%
Effective Tax Rate	21.14%	20.66%	19.68%	19.68%	20.35%	19.76%

Updated Feb 6, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.